Markets & Infrastructure

Structural Regulation

CBIRC Targets Related Party Transactions with New Rules

By Manesh Samtani | 18/01/2022

Banks and insurers have to put in place mechanisms to identify, monitor and manage related parties and related party transactions by March 2022.

Cryptocurrency

ASIC Warns Against Investing Super in Crypto Assets

By Sanday Chongo Kabange | 18/01/2022

ASIC says individuals who set up self-managed super funds may be increasingly targeted by scammers to invest in crypto-assets.

Structural Regulation

Taiwan to Raise Penalties for Violations by Securities Firms

By Editors | 18/01/2022

The FSC is also lowering the threshold that triggers substantial shareholding declarations to promote greater transparency.

Conduct, Culture & Accountability

IOSCO Proposes Measures to Address Risks from Online Marketing

By Manesh Samtani | 18/01/2022

IOSCO proposes policy and enforcement measures to address risks in online marketing and distribution of financial products to retail investors.

Market Data & Technology

HKEX to Roll Out New Electronic Communication Platform

By Editors | 17/01/2022

The new platform will be rolled out in phases starting in early Q1, improving usability and paving the way for new functionalities to be added, HKEX says.

Payments & Settlements

MAS Gets New Mechanism to Transfer Excess Reserves to GIC

By Darien Choong | 17/01/2022

MAS will transfer about SGD 185 billion in excess reserves to the government in stages. GIC is estimated to become the world’s third-largest sovereign wealth fund as a result.

Cloud & Infrastructure

FSC Korea Reiterates Plans to Regulate Bigtech in Financial Services

By Sanday Chongo Kabange | 17/01/2022

The FSC will apply “same rules for same services” to ensure fair competition between bigtech firms and financial institutions.

Capital Adequacy

UOB to Acquire Citi Consumer Banking Units in Four Markets

By Manesh Samtani | 17/01/2022

The transaction is estimated to reduce UOB’s CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and “well within regulatory requirements”.

Structural Regulation

PBOC to Grant Local Authorities Greater Role in Financial Supervision

By Editors | 16/01/2022

New draft regulations open for consultation will strengthen the supervisory and risk disposal responsibilities of local governments within their territories.